According to the latest data from the Insolvency and Bankruptcy Board of India (IBBI), 126 cases were admitted between April and June 2021. (Representative Image)
In the first quarter of this fiscal (Q1FY22), after the moratorium on fresh insolvency filings was lifted, nearly 10 new corporate insolvency cases were filed every week.
The government had imposed a moratorium in June 2020 on new insolvency proceedings for any defaults occurring from March 25, 2020, onwards for 12 months.
According to the latest data from the Insolvency and Bankruptcy Board of India (IBBI), 126 cases were admitted between April and June 2021.
This is a much slower pace of insolvency and bankruptcy proceedings since far more weekly cases were coming in ea…
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